Drawbridge Realty Inks HQ Lease in Research Triangle
The building is currently vacant and undergoing a major renovation.
Drawbridge Realty has signed Victra, the country’s largest authorized Verizon retailer, to a 43,665-square-foot, long-term lease at Imperial Tower in Durham, N.C. Victra will relocate its headquarters to the 11-story, 264,598-square-foot tower.
Victra’s current headquarters is at Colonnade II, a 26,363-square-foot office building in Raleigh, N.C., owned by Allegiancy.
Drawbridge purchased Imperial Tower from Franklin Street Properties for $89.7 million in 2020, according to Yardi Matrix. The LEED Silver-certified building opened in 2009 and contains 26,000-square-foot floorplates.
Imperial Tower is currently undergoing a $10 million renovation that will add new common areas and amenities, including a café, golf simulator, fitness center with locker room and showers, game and wellness rooms, patio, athletic fields and sports courts. The upgrades are scheduled to be completed by the summer of 2026.
READ ALSO: January 2026 Office Report
The building is currently vacant, according to the Triangle Business Journal. Life sciences firm Iqvia previously occupied the entire tower but vacated the space in 2023.
In December 2025, Aspida Financial Services, a life insurance and annuities firm, signed a 90,000-square-foot lease at Imperial Tower. While Aspida currently owns a 42,000-square-feet office building at 2327 Englert Drive in Research Triangle Park, the company will move its headquarters to Imperial Tower in the fourth quarter of 2026 and will occupy three full floors.
Imperial Tower is located at 4820 Emperor Blvd. in the Research Triangle Park area, with close access to the junction of interstates 40 and 540. Raleigh–Durham International Airport is about 3.5 miles away, while downtown Raleigh is within some 15.5 miles.
NAI Tri Properties CEO Greg Sanchez and Executive Vice Presidents Ryan Gaylord and Robin Roseberry Anders represented Drawbridge in the transaction with Victra. Newmark Senior Managing Director Doug Brock, Executive Managing Director Joe Zona and Managing Director Isaac Brown represented Victra.
The state of Research Triangle
The Raleigh-Durham office market appears to be stabilizing, in line with broader office space trends, according to a report from Colliers. As of the fourth quarter of 2025, the region recorded a vacancy rate of 17.2 percent, down 0.1 percent year-over-year.
The area had 20,000 square feet of office space under construction as of the end of 2025, down from 157,500 square feet year-over-year. Overall asking lease rates were $30.60 per square foot at the time, down from $30.82 per square foot at the end of 2024.
Another major lease in the area came in October 2025, when Related Fund Management signed Asensus Surgical to a 63,000-square-foot lease at The Stitch, a 248,456-square-foot office building in Morrisville, N.C. That asset was built in 1981 as a retail property but was converted into office space in 2021.
You must be logged in to post a comment.